Wednesday, January 23, 2013

Davos: Where's The Outrage?*

chair [of] the Global Agenda Council on Geopolitical Risk, where we outline the growing vulnerability of elites--as well as key risks and opportunities more generally--in our report that launched today. Feel free to take a look at the report in more depth.

sounds nervous. Elite fear of fairness is often painful to working people in the short-term, but the elite responses & over-reaction will give the workers more reason to "destabliize" elite institutions & gov't. in the longer run (when, of course, we'll all be dead).

As the world struggles to bolster its resilience against economic and political uncertainty, the key risk is the increasing vulnerability of elites. We're seeing leaders of all kinds, in the developed and developing world, in politics as well as business and media, answering to constituents who grow more dissatisfied ... and information-rich. Look at the riots in India over the recent rape scandal, the US Congress' abysmal approval ratings, or the phone hacking scandal at News Corp. Corruption, special interests, or a lack of transparency will spell trouble for leaders. The same goes for a widening gap between rich and poor. The threat to elites of all kinds comes in multiple forms: leaders who are battling for legitimacy will struggle to pursue long-term objectives rather than resort to reactive, 'quick fix' approaches. And in some instances, it could destabilize the very institutions--or even governments--that these elites represent.

And here we again see Rover w/ his teeth firmly implanted in the letter carrier's leg:

For a breakdown of attendees at Davos, Quartz put out an interesting piece. Some highlights: a full two-thirds of Davos attendees hail from North America or Europe (no wonder we see such focus on the eurozone crisis!). Africa and South America? Just 4.8% and 3.1%, respectively.

Bow wow!*And the drones. Where are the drones? It is our official editorial position that we would enjoy seeing the wealthy & their lickspittles running from a hail of air-borne justice like the dogs they are.

Follow straight to Hell!

E-Z 4 U

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